Examples of Remaining Transfer Shares in a sentence
The Acceptance Notice may, at the Securityholder Offeree's option, indicate the maximum number of Final Remaining Transfer Shares such Securityholder Offeree would purchase in excess of such Securityholder Offeree's Pro Rata Share of the Final Remaining Transfer Shares (the "Excess Amount").
If the Company has given a timely Acceptance Notice electing to purchase less than all of the Initial Remaining Transfer Shares, the number of Initial Remaining Transfer Shares as to which the Company has not given a timely Acceptance Notice pursuant to this Section 4.3(c) (the "Final Remaining Transfer Shares") shall be deemed offered by the Transferring Securityholder to the Securityholder Offerees pursuant to Section 4.3(d).
Within 15 Business Days after the end of the 15 Business Day period provided to the Series C Holders in Section 4.3(b), if the Company elects to purchase any of the Initial Remaining Transfer Shares, the Company shall give an Acceptance Notice to the Transferring Securityholder and each of the Securityholder Offerees, which shall specify the number of Initial Remaining Transfer Shares that it desires to purchase pursuant to this Section 4.3(c), up to the total of such Initial Remaining Transfer Shares.
Each Exercising Eligible Holder shall have a re-allotment right to purchase all or any portion of its pro rata share of the Remaining Transfer Shares on the terms and conditions set forth in the Proposed Transfer Notice.
COSMIC BLUE shall have an additional re-allotment right to purchase all but no less than all of the COSMIC BLUE Remaining Transfer Shares at the same price and on the same terms and conditions as specified in the COSMIC BLUE Additional Re-allotment Notice.
If the ROFR Holders fail to elect to purchase all the Remaining Transfer Shares, then such unpurchased Remaining Transfer Shares (“Over-Allotment Transfer Shares”) shall be made available to each ROFR Holder who has elected to purchase all of its initial pro rata share of the Remaining Transfer Shares for over-allotment.
To the extent the Co-Sale Rights Holders do not elect to participate in the sale of the Remaining Transfer Shares pursuant to the Transfer Notice, the Selling Shareholder may, not later than ninety (90) days following delivery of the Transfer Notice to each Co-Sale Rights Holder, effect a transfer of the Transfer Shares covered by the Transfer Notice and not elected to be sold by the Co-Sale Rights Holders.
To the extent that any ROCS Holder exercises its Shareholder Right of Co-Sale, the number of Remaining Transfer Shares that the Transferor may sell in the proposed transfer shall be correspondingly reduced by the aggregate number of the Co-Sale Shares.
For the purpose of this Section 6.2(d), an Exercising Eligible Holder’s pro rata share of the Remaining Transfer Shares shall be equal to the number of the Remaining Transfer Shares, multiplied by (i) the number of Transfer Shares to be purchased by such Exercising Eligible Holder pursuant to Section 6.2(b) above, divided by (ii) the total number of Transfer Shares to be purchased by all the Exercising Eligible Holders pursuant to Section 6.2(b) above.
Each Oversubscribing Accepting Shareholder shall be obligated to buy such number of additional Remaining Transfer Shares as allocated by the Selling Shareholder pursuant to this Clause 9.6 and the Selling Shareholder shall so notify the Accepting Shareholders within ten (10) Business Days of the date of expiry of the ROFR Offer Period.